Guideline Value for ANDAKKAPALAYAM

Andakkapalayam guideline value

The current guideline value of Andakkapalayam, located in Vellanaipatty village under the Ganapathy SRO, is Rs 220 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Andakkapalayam has changed

In the 2012 revision, the guideline value was Rs 200 per sq.ft. This figure remained until the 2017 revision when it decreased to Rs 134 per sq.ft, representing a decline of 33%. The value then increased to Rs 200 per sq.ft in the 2023 revision, followed by a rise to Rs 220 per sq.ft in the 2024 revision, marking a 10% increase. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value, reflecting the changes over the years.

Guideline values in Vellanaipatty

In Vellanaipatty, there are 110 streets under the Ganapathy SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft, with a median value of Rs 335 per sq.ft. The guideline value of Andakkapalayam is below this median.

• Anna Nagar/ Andakkapalayam: Rs 335 per sq.ft (2024)
• A.P.R Nagar: Rs 335 per sq.ft (2024)
• Aruns Gardens: Rs 335 per sq.ft (2024)
• Babu Gardens: Rs 335 per sq.ft (2024)
• Balu Gardens: Rs 335 per sq.ft (2024)
• Bankers Colony: Rs 335 per sq.ft (2024)

Stamp duty and registration fee for property in Andakkapalayam

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andakkapalayam?

The Sub Registrar Office that covers Andakkapalayam is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vellanaipatty

The guideline value is a crucial factor in the registration process when buying or selling property in Vellanaipatty. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures a standardized approach to property transactions in the region.

Frequently asked questions

What is the current guideline value of Andakkapalayam?

The current guideline value of Andakkapalayam is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023, and finally to Rs 220 per sq.ft in 2024.

What is the land classification of Andakkapalayam?

Andakkapalayam falls under the Residential Class II Type - I land classification.

Where is the Ganapathy Sub Registrar Office located?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is the stamp duty calculated for property in Andakkapalayam?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.